The Industry's Leading Source For F&I, Sales And Technology

Top News

CompuCredit Announces Acquisitions

February 12, 2007

ATLANTA — CompuCredit Corporation has acquired San Diego-based ACC Consumer Finance (ACC). The company was majority owned by Rocco Fabiano, formerly of Household International Inc., who now joins CompuCredit as Advisor to the president.

In conjunction with this purchase, CompuCredit also has acquired a $195 million auto loan portfolio from Patelco Credit Union. These assets were originated and are serviced by ACC on behalf of Patelco.

“Rocco Fabiano and the entire ACC team bring a track record of success in indirect auto lending,” said David Hanna, chairman and CEO of CompuCredit. “We are pleased to add their complementary business and product offerings to our expanding suite of financial products and services.”

Rocco Fabiano, chairman of ACC added, “We are extremely pleased to be joining the CompuCredit team. With CompuCredit's resources and consumer credit expertise, I believe we can redefine the auto finance industry and establish ourselves as the premier automobile lender to those consumers who are underserved by traditional auto lenders.”

ACC currently services approximately $275 million in auto finance receivables and operates in 12 states with collection centers in San Diego, Calif. and Denver, Colo.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Dealer Specialties Adds Google Base to List of Internet Distribution Partners

Dealer Specialties, a division of Dominion Dealer Solutions and a provider of data and photo collection, inventory management and data distribution services, has announced that the addition of Google Base to its list of Internet distribution partners.